Repo Companies Collecting Data on Where Everyone Is Based on Their License Plates

Here’s one way a repo company makes some money: They drive around in an unmarked car looking for parking for parking lots to go into so they can scan license plates using a license plates scanner mounted on their car. The repo companies are looking for owners of vehicles who have defaulted on their loans, and every time a scan finds a vehicle that’s stolen or in default, the company can make between $200 to $400.